MENU
SEARCHAgency awards Coca Cola and Central Parking Systems new contracts, which will generate approximately $283,000 and $1 million respectively.
On Wednesday, the Chicago Transit Authority's (CTA) Board approved a three-year contract with Coca Cola Enterprises to furnish, install, replenish, operate and maintain soft drink vending machines on CTA property. The contract also contains two one-year options for renewal.
The CTA is estimated to receive more than $1.4 million over the next five years under the terms of the contract, which gives the agency a 50 percent revenue split.
Coca Cola currently has 271 vending machines on CTA property. These machines will stay in place as Coca Cola evaluates the feasibility of adding machines across the system - including the introduction of machines that will accept credit and debit card payment. The new contract also will give customers a greater variety in their options at vending machines.
From 2004-2008, the Coca Cola contract generated an average of $228,000 annually in revenue for the CTA. The new contract is projected to generate approximately $283,000 annually.
The CTA Board also approved a five-year contract with Central Parking System (CPS) Chicago Parking for the operation, management and maintenance of select CTA parking facilities. Under the new contract, the CTA is guaranteed $1 million annually, or up to 49.5 percent of net revenue, whichever is greater.
CPS will purchase, install and maintain new fee collection equipment for 11 of the CTA's 17 Park & Ride locations that fall under this contract. The new equipment will accept credit cards, payment by cell phone and cash. CPS also will maintain all of CTA's Under 'L' parking areas, spaces under the elevated tracks that can be leased for a monthly fee.
From 2004-2008, the Standard Parking contract generated an average of $677,000 a year in revenue for the CTA - in 2008 the CTA earned $419,000 from the contract. Under the old contract, the CTA paid a four percent management fee and had to reimburse Standard Parking for 100 percent of their operating expenses. The new contract guarantees the agency at least $1 million per year and CPS will be responsible for their own operating expenses - including the new fare collection equipment, as well as a detailed scope of work for maintaining the lots.
The Scheduling and Supply Studio provides the world’s first fully integrated platform for optimizing vehicle and driver availability to rider demand, said company officials.
Read More →
The milestone highlights both the agency’s history and its evolving role in meeting the region’s growing mobility needs.
Read More →
ABQ RIDE Forward is the first transit system overhaul in more than 25 years. This latest phase marks 15% completion of the 16-phase rollout, which will continue over the next several years.
Read More →
Stay informed with these quick takes on the projects and companies driving progress across the transportation landscape.
Read More →
Today’s riders—and the communities you serve—expect more from public transit. While ADA compliance is required, leading transit agencies know that true accessibility also means delivering dignity, efficiency, and a better rider experience. This whitepaper reveals why forward thinking agencies nationwide choose the Low Floor Frontrunner as their first choice for ADA compliant vehicles—setting a new standard with passenger first design, faster boarding, improved safety, and unmatched operational performance.
Read More →
Under this extension, Keolis will continue to manage and operate fixed-route bus service across the East Valley, serving communities including Tempe, Mesa, Chandler, Scottsdale, the town of Gilbert, parts of Phoenix, and the Gila River Indian Community.
Read More →
Through the strategic partnership, MOIA America will provide MOIA’s turnkey autonomous mobility solution. This includes purpose-built, autonomous-ready ID. Buzz vehicles equipped with the self-driving system developed by Mobileye, as well as operator training and enablement.
Read More →
The service will offer free connections to major bus stops and park-and-rides, linking customers to NJ TRANSIT’s fixed-route bus network.
Read More →
LexRide connects key destinations, including Downtown Lexington, the Distillery District, and the Warehouse Block/National Avenue area, making it easier to explore without worrying about parking, traffic, or multiple rideshare trips.
Read More →
Sustainability Partners’ Arnold Albiar discusses how a service-based approach is helping airports and public agencies deploy and manage electric fleets more efficiently.
Read More →